IndusInd Bank, one of the fastest growing new-generation private sector banks in the country has opened two new branches in Chandigarh and one branch in Panchkula. The two new branches of Chandigarh are located in Sector 27 and Sector 16 and one new branch of Panchkula is located in Sector 20 respectively. The Bank plans to further strengthen its presence and customer reach in Punjab and Haryana with more branches in the coming quarters.
With the inauguration of three new branches, IndusInd Bank now has six branches in Chandigarh Tri-city which comprises of Panchkula, Chandigarh and Mohali. The addition of these new branches has increased the network of IndusInd Bank in Punjab, Haryana and Chandigarh (Union Territory) to 81 branches.
The bank’s net profit for first quarter ended June 30, 2014 jumped by 25.75% at Rs 421.06 crore for the quarter as compared to Rs 334.84 crore for the quarter ended June 30, 2013. Bank’s total income has increased by 20.60% at Rs 2873.68 crore for the quarter under review as compared to Rs 2382.81 crore for the corresponding quarter of the previous fiscal.
